Thompson Siegel & Walmsley LLC Has $22.28 Million Stake in Enersys (ENS)
Thompson Siegel & Walmsley LLC lifted its stake in shares of Enersys (NYSE:ENS) by 125.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 322,131 shares of the industrial products company’s stock after buying an additional 179,021 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.74% of Enersys worth $22,282,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Enersys by 2.6% during the second quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock worth $275,907,000 after buying an additional 97,319 shares in the last quarter. Boston Partners grew its position in shares of Enersys by 1.6% during the third quarter. Boston Partners now owns 2,718,205 shares of the industrial products company’s stock worth $188,019,000 after buying an additional 42,106 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Enersys during the second quarter worth about $116,256,000. State Street Corp grew its position in shares of Enersys by 2.4% during the second quarter. State Street Corp now owns 1,467,084 shares of the industrial products company’s stock worth $106,289,000 after buying an additional 34,872 shares in the last quarter. Finally, Earnest Partners LLC grew its position in shares of Enersys by 12.7% during the second quarter. Earnest Partners LLC now owns 1,345,647 shares of the industrial products company’s stock worth $97,492,000 after buying an additional 151,963 shares in the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.
ENS has been the subject of a number of analyst reports. Sidoti raised Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Thursday, August 17th. Zacks Investment Research raised Enersys from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $82.00 price target (down from $92.00) on shares of Enersys in a report on Wednesday, August 9th. BidaskClub downgraded Enersys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, ValuEngine downgraded Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $80.00.
In other news, insider Todd M. Sechrist sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $66.50, for a total transaction of $498,750.00. Following the completion of the sale, the insider now owns 61,182 shares in the company, valued at $4,068,603. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.
Shares of Enersys (NYSE ENS) traded up $0.50 during midday trading on Wednesday, reaching $67.20. The company’s stock had a trading volume of 186,300 shares, compared to its average volume of 264,641. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.49 and a current ratio of 3.43. Enersys has a one year low of $61.33 and a one year high of $84.74. The stock has a market capitalization of $2,809.74, a PE ratio of 14.41, a P/E/G ratio of 2.43 and a beta of 1.70.
Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. Enersys had a return on equity of 18.17% and a net margin of 6.64%. The company had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $603.54 million. During the same quarter in the previous year, the business earned $1.15 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. equities analysts predict that Enersys will post 4.58 EPS for the current year.
Enersys announced that its board has approved a stock buyback program on Wednesday, August 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, December 14th. Enersys’s dividend payout ratio is currently 19.07%.
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Enersys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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